PLANNING permission has been granted for a £10 million employment hub in Ravenscraig.
The project, led by Fusion Assets, will provide industrial space for up to 10 businesses in one of Europe’s largest brownfield regeneration sites.
The approved plans include a mix of flexible industrial buildings to accommodate both larger businesses and smaller operations in Ravenscraig,
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Three standalone buildings will cater to larger businesses, while a fourth structure will be divided into seven units for smaller enterprises.
Together, the buildings will total 62,000 square feet and will be suitable for office space, industrial activity, distribution, and storage.
The six-acre site is located opposite the Ravenscraig Regional Sports Facility and is part of SevenFourEight, a new production and logistics hub at the heart of Ravenscraig.
The project follows the sale of land by Ravenscraig Limited to Fusion Assets last year.
Russell Wilkie, director at Ravenscraig Limited, said: "As one of Europe’s largest regeneration initiatives, Ravenscraig is evolving into a self-sufficient community with housing, education, transport, and employment opportunities.
"SevenFourEight is a crucial piece in this puzzle, set to become one of Scotland’s best-connected industrial hubs, with ideal access to both the M74 and M8 motorways.
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"This project, led by Fusion Assets is a significant step forward in turning our vision for Ravenscraig into a reality, bringing high-quality employment opportunities and investment into the area."
Murray Collins, managing director of Fusion Assets, said: "Planning approval for our new development at Ravenscraig represents a significant milestone in the transformation of this part of the Ravenscraig site into a major new business location that will bring jobs to the local area.
"Fusion Assets is grateful to the Scottish Government and the council for their continued support of its regeneration activities to address the legacy of vacant and derelict land across North Lanarkshire."
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